Risks To Shareholder Returns Are Elevated At These Prices For Ferrovial SE (BME:FER)
Jan 03
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Spanish (IBEX) Market Analysis & Valuation
UpdatedJan 05, 2025
DataAggregated Company Financials
Companies253
- 7D1.2%
- 3M-1.6%
- 1Y12.8%
- YTD-0.2%
Over the last 7 days, the market has risen 1.2%, driven by gains in every sector, especially the Utilities sector. In the last year, the market has climbed 13%. Earnings are forecast to grow by 8.4% annually.
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Jan 2025 | €784.3b | €572.7b | €57.2b | 19.3x | 13.7x | 1.4x |
| Tue, 03 Dec 2024 | €792.2b | €572.9b | €57.2b | 19.6x | 13.9x | 1.4x |
| Thu, 31 Oct 2024 | €798.5b | €574.3b | €56.7b | 19.1x | 14.1x | 1.4x |
| Sat, 28 Sep 2024 | €811.6b | €571.7b | €56.0b | 19.8x | 14.5x | 1.4x |
| Mon, 26 Aug 2024 | €772.3b | €570.8b | €56.0b | 19.3x | 13.8x | 1.4x |
| Wed, 24 Jul 2024 | €765.2b | €564.9b | €53.8b | 18.2x | 14.2x | 1.4x |
| Fri, 21 Jun 2024 | €763.6b | €564.7b | €53.5b | 17.7x | 14.3x | 1.4x |
| Sun, 19 May 2024 | €769.0b | €563.3b | €53.6b | 16.3x | 14.4x | 1.4x |
| Tue, 16 Apr 2024 | €713.8b | €559.7b | €50.5b | 15.8x | 14.1x | 1.3x |
| Thu, 14 Mar 2024 | €705.4b | €560.2b | €50.6b | 15.5x | 13.9x | 1.3x |
| Sat, 10 Feb 2024 | €669.1b | €558.4b | €56.1b | 15.4x | 11.9x | 1.2x |
| Mon, 08 Jan 2024 | €691.2b | €557.4b | €53.9b | 15.4x | 12.8x | 1.2x |
| Wed, 06 Dec 2023 | €695.8b | €557.7b | €53.7b | 15.3x | 13x | 1.2x |
| Fri, 03 Nov 2023 | €635.6b | €559.8b | €53.3b | 14.4x | 11.9x | 1.1x |
| Sun, 01 Oct 2023 | €648.0b | €569.4b | €51.1b | 15.1x | 12.7x | 1.1x |
| Tue, 29 Aug 2023 | €652.7b | €569.3b | €51.2b | 15.2x | 12.7x | 1.1x |
| Thu, 27 Jul 2023 | €658.2b | €578.8b | €51.0b | 16.9x | 12.9x | 1.1x |
| Sat, 24 Jun 2023 | €662.8b | €577.3b | €51.0b | 16.6x | 13x | 1.1x |
| Mon, 22 May 2023 | €637.9b | €576.0b | €50.7b | 17.2x | 12.6x | 1.1x |
| Wed, 19 Apr 2023 | €649.4b | €561.3b | €49.8b | 17.6x | 13x | 1.2x |
| Fri, 17 Mar 2023 | €618.9b | €565.2b | €49.8b | 16.7x | 12.4x | 1.1x |
| Sun, 12 Feb 2023 | €623.1b | €524.1b | €44.4b | 17.5x | 14x | 1.2x |
| Tue, 10 Jan 2023 | €596.5b | €522.8b | €42.5b | 17.2x | 14x | 1.1x |
| Thu, 08 Dec 2022 | €571.9b | €520.8b | €42.4b | 17.4x | 13.5x | 1.1x |
| Sat, 05 Nov 2022 | €568.2b | €523.6b | €44.5b | 14.8x | 12.8x | 1.1x |
| Mon, 03 Oct 2022 | €529.9b | €515.7b | €43.2b | 14.9x | 12.3x | 1x |
| Wed, 31 Aug 2022 | €574.6b | €514.0b | €42.9b | 16.9x | 13.4x | 1.1x |
| Fri, 29 Jul 2022 | €592.5b | €490.7b | €44.1b | 17.2x | 13.4x | 1.2x |
| Sun, 26 Jun 2022 | €596.3b | €488.7b | €43.9b | 17.3x | 13.6x | 1.2x |
| Tue, 24 May 2022 | €616.9b | €483.0b | €43.1b | 18.1x | 14.3x | 1.3x |
| Thu, 21 Apr 2022 | €627.5b | €463.7b | €44.8b | 18.8x | 14x | 1.4x |
| Sat, 19 Mar 2022 | €604.5b | €463.5b | €44.8b | 18.7x | 13.5x | 1.3x |
| Mon, 14 Feb 2022 | €630.7b | €445.5b | €45.3b | 19.9x | 13.9x | 1.4x |
| Wed, 12 Jan 2022 | €636.9b | €441.6b | €41.3b | 22.1x | 15.4x | 1.4x |
Price to Earnings Ratio
15.4x
Current Market PE
- Investors are relatively neutral on the Spanish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 13.4x.
Past Earnings Growth
- The earnings for Spanish listed companies have grown 11% per year over the last three years.
- Revenues for these companies have grown 9.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Spanish Market?
| ES Market | 1.20% | |
| Energy | 5.91% | |
| Utilities | 4.00% | |
| Tech | 3.04% | |
| Healthcare | 2.20% | |
| Consumer Staples | 1.44% | |
| Materials | 1.41% | |
| Industrials | 0.78% | |
| Telecom | 0.59% | |
| Real Estate | 0.38% | |
| Financials | 0.14% | |
| Consumer Discretionary | 0.08% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 37.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.4%, which is higher than its past year's earnings growth of 8.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 54% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| IBE Iberdrola | €13.75 | 4.4% +€3.6b | 14.3% | PE13.2x | Utilities | |
| NTGY Naturgy Energy Group | €24.08 | 4.2% +€941.5m | -11.0% | PE11.5x | Utilities | |
| REP Repsol | €11.87 | 5.2% +€688.8m | -13.7% | PE6.6x | Energy | |
| ELE Endesa | €21.10 | 3.0% +€645.7m | 10.2% | PE20.5x | Utilities | |
| AENA Aena S.M.E | €202.20 | 1.7% +€495.0m | 25.4% | PE15.6x | Industrials |
